Company Registration No. 08592968 (England and Wales)
DUCK AND DRY (LONDON) LTD
Unaudited accounts
for the year ended 31 July 2023
DUCK AND DRY (LONDON) LTD
Unaudited accounts
Contents
DUCK AND DRY (LONDON) LTD
Company Information
for the year ended 31 July 2023
Directors
Yulia Rorstrom
Anastasiya Malysheva
Company Number
08592968 (England and Wales)
Registered Office
33 North Audley Street
London
W1K 6ZQ
Accountants
Pluto Consultancy Ltd
5 Warham Road
Harrow
Middlesex
HA3 7JE
DUCK AND DRY (LONDON) LTD
Statement of financial position
as at 31 July 2023
Tangible assets
33,114
44,827
Cash at bank and in hand
52,861
133,012
Creditors: amounts falling due within one year
(168,566)
(181,247)
Net current liabilities
(15,969)
(2,885)
Total assets less current liabilities
17,145
41,942
Creditors: amounts falling due after more than one year
(364,000)
(350,000)
Net liabilities
(346,855)
(308,058)
Called up share capital
100
100
Profit and loss account
(346,955)
(308,158)
Shareholders' funds
(346,855)
(308,058)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by
Yulia Rorstrom
Director
Company Registration No. 08592968
DUCK AND DRY (LONDON) LTD
Notes to the Accounts
for the year ended 31 July 2023
DUCK AND DRY (LONDON) LTD is a private company, limited by shares, registered in England and Wales, registration number 08592968. The registered office is 33 North Audley Street, London, W1K 6ZQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Furniture & fittings etc - 25% on cost
Computer equipment - 33% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
DUCK AND DRY (LONDON) LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
247,823
4,387
252,210
Additions
8,984
2,794
11,778
At 31 July 2023
256,807
7,181
263,988
At 1 August 2022
202,996
4,387
207,383
Charge for the year
23,059
432
23,491
At 31 July 2023
226,055
4,819
230,874
At 31 July 2023
30,752
2,362
33,114
At 31 July 2022
44,827
-
44,827
Amounts falling due within one year
Trade debtors
27,143
8,592
Amounts due from group undertakings etc.
1,489
15,591
Accrued income and prepayments
52,732
13,508
DUCK AND DRY (LONDON) LTD
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
26,189
37,034
Trade creditors
45,682
29,199
Amounts owed to group undertakings and other participating interests
21,642
4,513
Taxes and social security
7,522
35,494
Other creditors
28,923
28,312
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
364,000
350,000
9
Transactions with related parties
Anatidae Holdings Ltd ( who owns 100% of Duck & Dry (London) Ltd) has funded the company with interest free long-term loan of £364,000 during the year.
10
Average number of employees
During the year the average number of employees was 21 (2022: 19).